Bitcoin – local pump has not been canceled!

Hi all!

Yesterday I promised you a small pump, but the market showed us another leg down. It was my mistake, and I read again one chapter from the book “Trading Chaos” and found the point where I was mistaken.

Let’s look at the BTCUSDT chart on the 1-hour timeframe of the WhiteBit exchange. Yesterday I thought that Bitcoin had completed wave 5 and an ABC correction was about to occur, but it was wave 4 that was presented as a flat correction. Now I am confident that the correction has begun before the minimum condition for wave 4 – the crossing of the zero line on the Awesome oscillator has been completed. After this, the price showed another leg down, which, combined with the divergence, can tell us that wave 5 is complete. The target for the pump is the same – a golden Fibonacci pocket ($19,800-$19,900). This could be a good short entry point to catch the most impulsive move down.

Best regards, Ivan